by millionairemind » Wed Nov 11, 2009 7:10 pm
November 11, 2009, 6.40 pm (Singapore time)
Koh Brothers' 9-mth net profit falls 73%
By JOYCE HOOI
Construction-related Koh Brothers Group saw a 73 per cent drop in net profit for the nine months ended 30 Sept, from $26.6 million to $7.3 million.
Excluding exceptional items from the gain on disposal of Changi Hotel from the previous year, the group's net profit for the first nine months of 2009 showed an improvement of $6.7 million over the corresponding period in 2008.
Sales for the same period rose 38 per cent year-on-year to $233.3 million, driven by the group's construction and real estate divisions.
Earnings per share for the nine month-period fell to 1.52 cents from 5.55 cents a year ago.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.